Miklos Koren Awarded ERC Advanced Grant for Research on Management and Economic Development

December 14, 2023
Koren Miklos

The European Research Council (ERC) has awarded an Advanced Grant to Miklos Koren, Professor in CEU’s Department of Economics and Business to study the role of management practices in economic development. 

Over a five-year period, the project will develop three quantifiable theories regarding why some countries have subpar management practices and will provide actionable insights for policymakers. Using data spanning four decades from Hungary and Germany, the research will examine those who become top managers, their career trajectories across firms, regions and countries, and the impact of this mobility on business performance and economic development. 

In partnership with the Centre for Economic and Regional Studies in Budapest, the project will also develop new data collection methods and analytical tools for studying managerial mobility patterns. 

“We have known for some time that good management practices are important for business success. But I always wondered to what extent they can explain the success of entire countries. This grant will enable me to build a team and acquire the data necessary for answering this question,” said Koren, who was previously awarded an ERC Starting Grant for the project “KNOWLEDGEFLOWS: Channels and Consequences of Knowledge Flows from Developed Economies to Central and Eastern Europe” conducted at CEU from 2012-2017. 

This funding, in the amount of 1,782,794,00 euros, marks the seventh ERC grant for CEU's Department of Economics and Business and the 20th for the university across all disciplines.